Cimarex Energy Co (XEC) Short Interest Update

Cimarex Energy Co (NYSE:XEC) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,660,296 shares, a growth of 78.9% from the January 12th total of 1,487,419 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 1,047,435 shares, the days-to-cover ratio is currently 2.5 days.

In related news, CEO Thomas E. Jorden sold 5,000 shares of Cimarex Energy stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $113.14, for a total value of $565,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Joseph R. Albi sold 2,000 shares of Cimarex Energy stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $112.41, for a total transaction of $224,820.00. The disclosure for this sale can be found here. Insiders sold a total of 17,479 shares of company stock worth $2,000,868 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in XEC. Advisor Group Inc. increased its holdings in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares during the period. Assetmark Inc. increased its holdings in shares of Cimarex Energy by 1,015.9% in the fourth quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after purchasing an additional 894 shares during the period. LMR Partners LLP bought a new position in shares of Cimarex Energy in the fourth quarter worth $200,000. Eagle Ridge Investment Management bought a new position in shares of Cimarex Energy in the fourth quarter worth $204,000. Finally, Capital Advisors Inc. OK bought a new position in shares of Cimarex Energy in the fourth quarter worth $205,000. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

XEC has been the topic of a number of research reports. Williams Capital lifted their price target on shares of Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and set a $130.00 target price on shares of Cimarex Energy in a report on Friday, October 20th. SunTrust Banks boosted their target price on shares of Cimarex Energy to $127.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Finally, Imperial Capital boosted their target price on shares of Cimarex Energy from $135.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. Cimarex Energy currently has a consensus rating of “Buy” and a consensus price target of $141.38.

Cimarex Energy (NYSE:XEC) opened at $99.78 on Wednesday. The firm has a market cap of $9,510.00, a price-to-earnings ratio of 24.95 and a beta of 1.14. Cimarex Energy has a 1-year low of $89.49 and a 1-year high of $136.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.32%. Cimarex Energy’s payout ratio is currently 8.00%.

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About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.

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